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Wednesday, April 11, 2012

Green Math Is Bad Math, How Washington is wasting huge sums on "green" initiatives -- and pretending it's coming out ahead.

Green energy schemes and scams are very costly.
The entire renovation costs $133 million. The plants are only one component, but the G.S.A. admits that the renovation is being undertaken for the purpose of making the building "green." Done as a project of the Office of Federal High-Performance Green Buildings, the renovation is Oregon's largest federal stimulus project. The Obama administration proudly boasts that the effort will dramatically reduce the building's energy use, thereby saving federal taxpayers $280,000 a year in energy costs. Now here comes the fun part. Nowhere in the article did The New York Times bother to do the math. So I did. (It wasn't hard, I did it on my Blackberry while setting out for a winter hike.) To recoup its investment in this renovation, the government will have to keep the building running for the next 475 years. Look on the bright side. Everything after year 476 is gravy!
Read the rest here
The American Spectator 

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